On August 27, 2012, Hudson City Bancorp, Inc. (âHudson Cityâ)
entered into a merger agreement to be acquired by M&T Bank Corporation (âM&Tâ) in a stock and cash transaction. If the merger is completed, Hudson City will merge with and into Wilmington Trust Corporation, a direct, wholly owned subsidiary of M&T.

About Hudson City

Hudson City Savings Bank has served its customers since 1868. Hudson Cityâs unique heritage and operating philosophy enables us to differentiate the Bank by offering customers a winning value proposition â Bank on Better Values.TM

Our value proposition has enabled us to capture market share and build a loyal customer base consisting of over 640,000 deposit accounts. Hudson Cityâs success stems from remaining focused on our core business principles. This focus means striving to be the best at what we do: attracting deposits and making sound mortgages.

Outstanding Geographic Footprint

Headquartered in New Jersey, Hudson City serves customers throughout the surrounding New York metropolitan area with branches located in 17 counties throughout the state of New Jersey, and branches located in Westchester, Suffolk, Putnam, Richmond, and Rockland counties in New York, as well as in Fairfield County in Connecticut. We also open deposit accounts through our Internet banking service.

FOUNDATIONS OF TRUST: A LOYAL CUSTOMER BASE

We have been earning the trust and respect of consumers for over 145 years and know that we must still work hard to maintain it. Trust begins with value.

Better Value

We believe that our customersâ first priority is the value they receive in our banking relationship. Value can be defined as a combination of higher deposit yields, lower fees, and lower mortgage rates. That being said, Hudson Cityâs deposit yields and mortgage rates have consistently been among the best in the New York metropolitan area.

Customer Experience

Hudson City has hundreds of thousands of customers, large and small â all deserve to be treated as special. At Hudson City, we believe our customersâ experience must begin with knowledgeable, courteous people of high integrity. Second, we must be accurate, thorough, and responsive to our customersâ needs. That includes presenting options that we believe are in our customersâ best interests. In so doing, we must recognize the value of your time and conduct business in a simple, streamlined manner.

Honesty

Straight talk, transparency, and honesty are vital in the relationship between Hudson City employees and our customers. Our employees take the time to understand customer needs and discuss the best product options. Employees disclose all fees and expenses to ensure that there are no surprises. Trust is a very important part of our business. At the end of the day, we want our customers to know that we did right by them.

Loyalty

Today, it seems as though banks change their personnel as often as their rates. With 800 numbers and automated responses, they make it difficult to talk to someone on the phone, much less get a question answered. At Hudson City, we offer exceptional value to all of our customers whether they are existing or new.